Gasco reveals first-quarter operating figures

Gasco Energy, a Colorado-based oil and gas company, has announced financial and operating results for the first quarter ended 31 March 2010, posting a net income of $2.9m (£1.9m), or $0.03 per share.

This compared with a net loss of $43.9m, or $0.41 per share, for the same period in 2009.

Total revenues during the first quarter of 2010 increased by approximately 18 per cent to $6.4m, compared with $5.4m in the 2009 period.